StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March Raw materials Work in process Beginning Inventory Ending Inventory $28,300 21,400 $25,900 46,000 78,600 69,200 Finished goods Additional Information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 40,500 1,100 63,300 36,800 23,400 237,900 Required: 1. Based on the above information, prepare a cost of goods manufactured report. 2. Based on the above information, prepare an income statement for the month of March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare a cost of goods manufactured report.